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Farmers' Industries Has Fixed Costs of $600000 and Variable Costs

Question 66

Multiple Choice

Farmers' Industries has fixed costs of $600000 and variable costs are 60% of sales. How much will Farmers report as sales when its net income equals $60000?


A) $1650000
B) $1100000
C) $1560000
D) $396000

Correct Answer:

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